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M1 Countertrend Scalping Strategy

  • #7,161
  • Jun 26, 2023 6:53pm Jun 26, 2023 6:53pm
Doubled in two weeks. Many thanks Cpfleger...
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https://tracking.avapartner.com/_RwAAA
  • #7,162
  • Jun 26, 2023 6:55pm Jun 26, 2023 6:55pm
Quoting akkus45
Doubled in two weeks. Many thanks Cpfleger... {image}
well done!
without patience how can you be a trader?
  • #7,163
  • Edited 8:18pm Jun 26, 2023 7:50pm | Edited 8:18pm
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USA/CAD buy
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stopped out lol, my first time getting stopped out
(I don't use a stop loss)
without patience how can you be a trader?
  • #7,164
  • Jun 26, 2023 9:33pm Jun 26, 2023 9:33pm
Quoting sonicvista12
UJ short. early stages, 'dipping toe in water' trade... MantisClaw {image}

Very cool bands indicator! Where did you get it from, and what settings are you using on that chart?
  • #7,165
  • Jun 26, 2023 10:32pm Jun 26, 2023 10:32pm
Quoting TransparentT
{quote} Very cool bands indicator! Where did you get it from, and what settings are you using on that chart?
Hi TransparentT,
I give credit to cpfleger here, they are a version of Bollinger Bands he shared here in the paperclip (called Bollinger bands squeeze (alerts + btn)) he has them set to 20 Linear Weighted MA, 2 STDs... I prefer the traditional 20 SMA 2 STDs, that way i compare the midline 20 SMA to a 20 EMA, looking at momentum increase/decrease, and what oscillator-worshipers call 'divergence'
We don't see things as they are - we see things as we are.
  • #7,166
  • Jun 26, 2023 11:17pm Jun 26, 2023 11:17pm
Quoting Steverino832
{quote} Guy, it sounds like you have all the answers, then you do not need to ask questions. cpfleger may be one of the best traders on ff if not the best. and knows a lot more about trading than you or I ever will. sheesh I would strongly suggest you listen to what cpfleger is saying and not the b.s. you read in a book or on ff the man proves what he is saying every day!
oh . don't get me wrong . i am following cpfleger .this winrate things is used by scammers and shit .. so i know Winrate means nothing . lost hundreds of dollar on EAs ..
  • #7,167
  • Jun 27, 2023 12:22am Jun 27, 2023 12:22am
the M1 chart is a wild beast that must be tamed to control it!
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every minute matters!
  • #7,168
  • Jun 27, 2023 12:24am Jun 27, 2023 12:24am
silver continues to shine!
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every minute matters!
  • #7,169
  • Jun 27, 2023 12:34am Jun 27, 2023 12:34am
Im going to sell ...
Is it correct dear Cpfleger?
target is green box ?
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https://tracking.avapartner.com/_RwAAA
  • #7,170
  • Jun 27, 2023 1:56am Jun 27, 2023 1:56am
once again up . clean and safe trades
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  • #7,171
  • Jun 27, 2023 2:27am Jun 27, 2023 2:27am
Steverino832,
How did you get stopped out ?
SL on the first screenprint is too close, do not use any SL or TP but a TSL (Trailing Stop Loss) of 3 Pips to begin with on 15M TF.
cpfleger
  • #7,172
  • Jun 27, 2023 2:28am Jun 27, 2023 2:28am
TransparentT,
If you would have read the forum posts or the look into the Paperclip you would have found your answer.
cpfleger
  • #7,173
  • Jun 27, 2023 2:30am Jun 27, 2023 2:30am
akkus45,
Your first screenprint - your entry is too early, we only wait for 1 wicked candles.
Next trade, draw a dotted vertical line on the 1 wicked candle as a marker, add a trailing stop loss of 3 Pips and watch.
cpfleger
  • #7,174
  • Jun 27, 2023 2:32am Jun 27, 2023 2:32am
Gents,
Slow down and take great trades, no rush here as the Market has plenty of opportunities, be precise to the Rules.
If you want the Rules re-posted just yell.
cpfleger
  • #7,175
  • Jun 27, 2023 2:33am Jun 27, 2023 2:33am
Tuesday trades so far...
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  • #7,176
  • Jun 27, 2023 3:43am Jun 27, 2023 3:43am
Quoting cpfleger
Gents, Slow down and take great trades, no rush here as the Market has plenty of opportunities, be precise to the Rules. If you want the Rules re-posted just yell. cpfleger
Ok, I'll yell.
Good Trading
  • #7,177
  • Jun 27, 2023 3:51am Jun 27, 2023 3:51am
Todays result and a couple of the trades!
Yeah Cpfledger, this way of trading is FUN!

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  • #7,178
  • Jun 27, 2023 4:00am Jun 27, 2023 4:00am
Quoting cpfleger
Steverino832, How did you get stopped out ? SL on the first screenprint is too close, do not use any SL or TP but a TSL (Trailing Stop Loss) of 3 Pips to begin with on 15M TF. cpfleger
lol, my bad Trailing Stop Loss)
without patience how can you be a trader?
  • #7,179
  • Jun 27, 2023 4:12am Jun 27, 2023 4:12am
Steverino832,
What I am slowly teaching you is to reduce fear first.
M15 TF is a slow to enter TF, marked 1 wicked candle, add a TSL, done.
Watch and reduce the stress and strain of trading because - its emotional and if your balance is more than 10 usd (live) and your trading 0.01 lot size and one trade position, there is no need for emotions.
Let the TSL manage the trade even if you get stopped out at 3 pips, 3 pips more than you had and a profit.
Do this 20 times (trades) and stop, evaluate your performance and maybe adjust the TSL to 4 pips but be aware, each Instrument is different, save the Template to each Instrument and specialize, be smarter than the average retail trader who is in a rush for that Lambo.
cpfleger
  • #7,180
  • Jun 27, 2023 4:30am Jun 27, 2023 4:30am
Quoting cpfleger
Steverino832, What I am slowly teaching you is to reduce fear first. M15 TF is a slow to enter TF, marked 1 wicked candle, add a TSL, done. Watch and reduce the stress and strain of trading because - its emotional and if your balance is more than 10 usd (live) and your trading 0.01 lot size and one trade position, there is no need for emotions. Let the TSL manage the trade even if you get stopped out at 3 pips, 3 pips more than you had and a profit. Do this 20 times (trades) and stop, evaluate your performance and maybe adjust the TSL to 4 pips...
thank you I get it now, I had a brain fart last night lol.
without patience how can you be a trader?
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